I see Ethereum’s chart not looking pretty for long nor hold positions at these prices.
Price Action
ETH continues to make lower highs and lower lows inside a descending wedge.
Price is moving toward two major demand zones, and the momentum is really weak. Just minor price hiccups.
I'm expecting some choppy or even consolidation movements before a possible test of the lower demand blocks.
OBV is such an underrated indicator!
Look at OBV, this is where the things gets interesting..
OBV is breaking its trendline downward, even while price hasn’t fully broken structure yet.
This is a classic sign of volume distribution. Smart money is exiting positions quietly.
When OBV breaks direction before price, it often predicts the next major move.
At the moment, ETHUSD is looking heavily bearish. Given the fact that BTC is also giving early signs of a bearish trend, I don't think buying ETH is a good idea here. I'll wait for a deeper correction.
Good Luck!
Price Action
ETH continues to make lower highs and lower lows inside a descending wedge.
Price is moving toward two major demand zones, and the momentum is really weak. Just minor price hiccups.
I'm expecting some choppy or even consolidation movements before a possible test of the lower demand blocks.
OBV is such an underrated indicator!
Look at OBV, this is where the things gets interesting..
OBV is breaking its trendline downward, even while price hasn’t fully broken structure yet.
This is a classic sign of volume distribution. Smart money is exiting positions quietly.
When OBV breaks direction before price, it often predicts the next major move.
At the moment, ETHUSD is looking heavily bearish. Given the fact that BTC is also giving early signs of a bearish trend, I don't think buying ETH is a good idea here. I'll wait for a deeper correction.
Good Luck!
🧠 The ultimate trading indicator is self-control. Discipline is non-negotiable.
✅More FREE Signals here:
t.me/VIPCryptoVault
✅More FREE Signals here:
t.me/VIPCryptoVault
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
🧠 The ultimate trading indicator is self-control. Discipline is non-negotiable.
✅More FREE Signals here:
t.me/VIPCryptoVault
✅More FREE Signals here:
t.me/VIPCryptoVault
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.